CAZALY RESOURCES LIMITED — Share Issue/Capital Change 2009

Mar 15, 2009

==> picture [200 x 91] intentionally omitted <==

16 March 2009

ASX Release

Notice under Section 708A

Cazaly Resources Limited ( Company ) issued 4,242,424 Ordinary Shares to investors on 12 March 2009. The Ordinary Shares are part of a class of securities quoted on the Australian Stock Exchange Limited ( ASX ).

The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act.

The shares were issued without disclosure to the investors under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act.

The Company, as at the date of this notice, has complied with:

• a) the provisions of Chapter 2M of the Corporations Act; and

• b) Section 674 of the Corporations Act.

There is no excluded information as at the date of this notice, for the purposes of Sections 708A(7) and (8) of the Corporations Act.

Yours sincerely,

==> picture [120 x 68] intentionally omitted <==

Nathan McMahon

Managing Director